ON (ONON) Stock Price, News & Analysis

Company Overview

On Holding AG, known as On, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. The company is particularly recognized for its running shoes, which incorporate proprietary technologies such as CloudTec cushioning and Speedboard components designed to support comfort, responsiveness and energy return.

On serves athletes and consumers across categories including running, outdoor activities, training and everyday performance. Its products are sold through the company’s direct-to-consumer channels, including its website and branded retail stores, as well as through a network of wholesale partners in markets around the world.

On was founded in 2010 in Switzerland by Olivier Bernhard, David Allemann and Caspar Coppetti. The company has expanded from its original focus on running footwear into a broader global sportswear brand while maintaining an emphasis on product design, technical innovation and performance.

Key Stats

• Today's Range: $27.20 to $27.97
• 50-Day Range: $26.83 to $38.79
• 52-Week Range: $26.60 to $51.08
• Volume: 7.52 million shs
• Average Volume: 7.22 million shs
• Market Capitalization: $17.48 billion
• P/E Ratio: 18.63
• Dividend Yield: N/A
• Price Target: $45.04
• Consensus Rating: Moderate Buy

ON Stock Analysis - MarketRank™

ON scored higher than 100% of companies evaluated by MarketBeat, and ranked 6th out of 489 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ON has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 1 strong buy rating, 18 buy ratings, 5 hold ratings, and 2 sell ratings.

Upside Potential

ON has a consensus price target of $45.04, representing about 64.5% upside from its current price of $27.39.

Amount of Analyst Coverage

ON has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 15.65%

Earnings Growth

Earnings for ON are expected to grow by 15.65% in the coming year, from $1.47 to $1.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ON is 18.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of ON is 18.63, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 45.66.

Price to Earnings Growth Ratio

ON has a PEG Ratio of 0.54. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

ON has a P/B Ratio of 8.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.44% of the float of ON has been sold short.

Short Interest Ratio / Days to Cover

ON has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ON has recently increased by 32.48%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ON does not currently pay a dividend.

Dividend Growth

ON does not have a long track record of dividend growth.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.32

News Sentiment

ON has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for ON this week, compared to 6 articles on an average week.

Search Interest

67 people have searched for ONON on MarketBeat in the last 30 days. This is an increase of 31% compared to the previous 30 days.

MarketBeat Follows

20 people have added ON to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 4.7 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

2 insiders have purchased shares of ON in the last three months. Multiple insiders buying is a strong bullish signal.

Net Insider Buying

Over the last three months, insiders have purchased a net $3,968,043.00 in company stock, which represents 0.0227% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, ON insiders have bought 20,821.97% more of their company's stock than they have sold. Specifically, they have bought $3,987,100.00 in company stock and sold $19,057.00 in company stock.

Percentage Held by Insiders

68.57% of the stock of ON is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

36.39% of the stock of ON is held by institutions.

Company Calendar

• Last Earnings: 8/11/2026
• Today: 9/11/2026
• CMD 2026: 9/22/2026
• Next Earnings (Estimated): 11/11/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Textiles, Apparel & Luxury Goods
• Sub-Industry: Footwear
• Current Symbol: NYSE:ONON
• CIK: 1858985
• Web: www.on.com
• Phone: 41-44-225-1555
• Fax: N/A
• Employees: 3,963
• Year Founded: 2010

Price Target and Rating

• Average Price Target for ON: $45.04
• High Price Target: $73.00
• Low Price Target: $20.00
• Potential Upside/Downside: +64.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.69
• Research Coverage: 26 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.47
• Trailing P/E Ratio: 18.63
• Forward P/E Ratio: 18.63
• P/E Growth: 0.54
• Net Income: $245.87 million
• Net Margins: 12.09%
• Pretax Margin: 13.32%
• Return on Equity: 22.92%
• Return on Assets: 13.33%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 2.83
• Quick Ratio: 2.25

Sales & Book Value

• Annual Sales: $3.64 billion
• Price / Sales: 4.81
• Cash Flow: $0.60 per share
• Price / Cash Flow: 45.78
• Book Value: $3.09 per share
• Price / Book: 8.86

Miscellaneous

• Outstanding Shares: 638,110,000
• Free Float: 200,560,000
• Market Cap: $17.48 billion
• Optionable: Optionable
• Beta: 2.08